Thales €500m 0.25% bond due 2027
Refinance the €500m bond maturing in April 2020
Key terms
- Borrower or issuer
- Thales
- Date
- 22 Jan 2020
- Type
- Bond
- Amount
- €500m (US$571m)
- Pricing
- 0.25%
- Maturity
- 2027-01
- Rating at issue
- A- (index)
Recorded terms
- Structure
- Fixed-rate bond
- Lenders and arrangers
- Lead managers Commerzbank, Crédit Agricole CIB, CIC, Natixis, Santander
- Country
- France
Rating at issue
Rated A- at issue on the index basis (middle of three agencies, lower of two), from the issuer's own release.
The success of this issue with investors confirms the confidence of the market in the creditworthiness of the Group, which is rated A2 (outlook: stable) by Moody’s and A- (outlook: negative) by S&P Global Ratings
Ratings change over time; check the agencies for the current rating.
Parties
- Thales borrower or issuer
- bookrunner/arranger: Credit Agricole CIB, Santander, Commerzbank, Natixis
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 4 Mar 2020 | Science Applications International US$400m 4.875% senior notes due 2028 | Bond | US$400m |
| 6 Mar 2020 | L3Harris Technologies US$250m floating rate notes due 2023 | Bond | US$250m |
| 6 Dec 2019 | Moog US$400m 5.25% senior notes due 2027 | Bond | US$400m |
| 11 Mar 2020 | Textron US$650m 3.0% notes due 2030 | Bond | US$650m |
| 23 Mar 2020 | Northrop Grumman US$2,250m senior notes (3 tranches) | Bond | US$2.25bn |
More from Thales
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Aug 2026 | Thales €1bn bond to finance the Exail acquisition | Bond | €1bn |
| Oct 2023 | Thales €1.8bn bond to finance the Imperva acquisition | Bond | €1.8bn |
| Jun 2023 | Thales €500m 3.625% bond due 2029 | Bond | €500m |
| 19 Nov 2020 | Thales €500m 0% bond due 2026 | Bond | €500m |
| 7 May 2020 | Thales €700m 1% bond due 2028 | Bond | €700m |
| 21 May 2019 | Thales €500m 0% bond due 2022 | Bond | €500m |
M&A and investment involving Thales
| Date | Deal | Type | Value |
|---|---|---|---|
| 23 Oct 2025 | Airbus, Thales and Leonardo space business combination (Project Bromo) | JV / capital partnership Announced | Not disclosed |
Sources
- Thales: Thales: issuance of a €500m bond cdn.uc.assets.prezly.com · 23 Jan 2020
About this record
Record DEF-2020-0022, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
